Risk management is the systematic and scalable approach used by officials to make
risk-informed decisions and take appropriate actions in relation to events, issues or incidents
that may affect achievement of the agency’s objectives.
We take a risk-based approach to decision-making, underpinned by our risk appetite and risk management
framework. The framework outlines the agency’s system of risk management and oversight, and is aligned
to the Commonwealth Risk Management Policy and the ISO 31000: 2018 Risk Management Guidelines.
Our risk appetite articulates the level of risk we are willing to pursue to achieve agency objectives and meet
statutory obligations. The agency operates in a complex environment and we recognise that risk is inherent
in all that we do. The Board’s risk appetite articulates an appropriate and balanced view of the strategic
risk environment related to achieving agency goals. The Board revisits this position annually, although it
recognises the need to be willing and able to adapt the risk appetite if required noting that global events are
complex and matters can change rapidly.
We are continuing to mature our risk management capability and approach, embedding risk principles into
organisational culture. A key element of this approach is increasing the risk capability at all levels of the
organisation. To achieve this, we are educating and empowering staff to provide them with the knowledge,
judgement and confidence to make more informed risk-based decisions, and ensuring they have the support
of their managers. Our strategic risks articulate the high-level risks to achieving our objectives and are
Effective management of the agency’s risk is underpinned by controls that support:
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.